1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vadim26 [7]
2 years ago
14

Larry values attending NoName at 15000 per year. What is Larry;s economic surplus if he attends state college

Business
1 answer:
Natali5045456 [20]2 years ago
7 0

His net benefit from attending State College is $40,000 – $20,000, or $20,000. Additionally, his net benefit from attending NoName U is $15,000 minus $0, which equals $15,000. Therefore, if he enrolls in State College, his economic surplus will be at its peak.

What is Economic?

Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.

The two branches of economics are microeconomics and macroeconomics.

Economics focuses on efficiency in production and exchange.

Learn more about Economic with the help of given link:-

brainly.com/question/17996535

#SPJ4

You might be interested in
Alice earned $12 per hour. What equation shows the relationship between her
LenaWriter [7]

<em><u>The equation shows the relationship between her  weekly salary (w), hours per week (h), and rate per hour (r) is:</u></em>

w = h \times r

<em><u>Solution:</u></em>

Given that,

Alice earned $12 per hour

1 hour = $ 12

<em><u>Find the number of hours in 1 week</u></em>

1 day = 24 hours

1 week = 7 days

Therefore,

1 week = 7 x 24 = 168 hours

Let "h" be the hours per week

let "r" be the rate per hour

Let "w" be the rate per hour

From given,

r = $ 12

h = 168 hours

weekly salary = hours per week x rate per hour

w = h \times r

w = 168 \times 12\\\\w = 2016

Thus, she earns $ 2016 for 1 week

5 0
3 years ago
Read 2 more answers
Harold has a balance of $2200 on a credit card with an APR of 31.3%, compounded monthly. About how much will he save in interest
Naddik [55]
The answer is 337.49
4 0
3 years ago
Read 2 more answers
1
katen-ka-za [31]

Answer:

A

Explanation:

8 0
2 years ago
Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 14,000 Selling price per un
timama [110]

Answer:

Results are below.

Explanation:

<u>Traditional format income statement:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 10,000 + 86,000 - 23,000

COGS= $73,000

Sales= 14,000*17= 238,000

COGS= (73,000)

Gross profit= 165,000

Total selling expense= (2*14,000 + 19,000)= (47,000)

Total administrative expense= (3*14,000 + 15,000)= (57,000)

Net operating income= 61,000

<u>Contribution margin income statement:</u>

<u>Total variable cost=</u> 73,000 + 14,000*2 + 14,000*3= 143,000

Sales= 14,000*17= 238,000

COGS= (143,000)

Gross profit= 95,000

Total fixed selling expense= (19,000)

Total fixed administrative expense= (15,000)

Net operating income= 61,000

3 0
3 years ago
What is the first account number used in the breneman
Kazeer [188]
Either c or d idk man
3 0
3 years ago
Read 2 more answers
Other questions:
  • If jasmine sleeps for 12 hours each night and takes two naps during the day, jasmine is most likely:
    7·1 answer
  • What is a risk management plan?
    10·1 answer
  • Lara Technologies is considering a total cash outlay of $250,000 for the purchase of land, which it could lease out for $35,000
    14·1 answer
  • Last year, you purchased a stock at a price of $78.00 a share. Over the course of the year, you received $2.70 per share in divi
    15·1 answer
  • In a Harvard Business Review article, consultant Ben Dattner emphasizes the importance of giving credit to others for their good
    7·1 answer
  • The division of activities into unit-level, batch-level, product-sustaining level, and facility-level categories is commonly kno
    11·1 answer
  • Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube Company is a se
    5·1 answer
  • The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $5 million, and the 2019 balance sheet showed long-
    9·1 answer
  • Define futures contract.​
    10·1 answer
  • (a) Taking into account all of the information in the case study above, would you advise Mary-Ann and Sally to become a limited
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!